On the 30th October, without any fanfare as the country was naturally fixated on the unfolding disaster in Valencia, the Spanish government passed an amendment to their Golden Visa law, detailing how the end would come. As a result the programme is now scheduled to stop as of January 2025.
This means that if you want to get a Golden Visa and all of the benefits that that entails then there really is no time to spare.
What you need to know:
Any applications made before January 2025 will be respected. In order to make the application you would have to have agreed the purchase of a 500,000€/+ property and at the very least have signed a deposit contract before a Public Notary in Spain and paid a legally binding deposit. You would have to have the rest of the full 500,000€ (or whatever the full price of the property is) already in a Spanish bank account in your name and also have to have other requirements such as health insurance in place.
If you want us to help make it happen for you then drop us a mail to info@spanishpropertynorth.com and we can schedule an initial zoom consultation to discuss how we can guide you through the process, from finding you a suitable property through filing your paperwork.
So if you are a third country national, perhaps an American or Brit who has been thinking of moving to Spain on this basis then you must take action now as the door is closing. Remember, the Golden Visa gives you and your dependents the freedom to live, work and study in Spain and equally does not restrict you to spending minimum amounts of time in the country to maintain your residency rights.
Read more here about the basics of the Golden Visa